This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hagens Berman Advises Investors Of Oct. 21, 2013, Deadline In Tower Group International, Ltd. Securities Class-action And Investigation

Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, is investigating Tower Group International, Ltd. (NASDAQ:TWGP) (“TWGP” or “the Company”) for securities fraud following TWGP’s postponed financial results and anticipated reserve change after a recent merger. Investors who have suffered losses and wish to discuss the matter with an attorney can contact Hagens Berman by emailing

Investors who purchased TWGP stock between May 9, 2011, and Aug. 8, 2013, (the “Class Period”), inclusive, and who have large losses may qualify to be a lead plaintiff. The deadline to move for the position of lead plaintiff in the case is Oct. 21, 2013. For more information investors are invited to contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation, by calling (510)-725-3000.

Additional information is available at

Hagens Berman’s investigation centers on TWGP’s Aug. 7, 2013, announcement, in which the company told the public it would postpone releasing its Q2 2013 financial results because it needed more time to “review matters relating to the estimate of its loss reserves,” among other reasons. The next day, the company disclosed guidance for Q2 2013, including adverse reserve development between $60-$110 million.

Following the announcement, TWGP stock lost nearly a quarter of its value.

“We are investigating to determine whether TWGP had prior knowledge of these issues,” said Mr. Kathrein. “It appears that the company may have kept these issues hidden so as to prevent a derailment of its merger with Canopius Bermuda. If so, the company has to answer to its investors, who lost millions in value when the stock inevitably crashed.”

Persons with non-public information may want to consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs